Aaron Kahen & Ariel Kahen Of KP Developers Acquire Development Site In Corona For $1.4M
SOLD
$1,400,000
New York
See Similar DealsDevelopment Site
Sold 04/30/2025
SOLD
Aaron Kahen & Ariel Kahen Of KP Developers Acquire Development Site In Corona For $1.4M
110 18 Corona Avenue
See Similar DealsDevelopment Site
Sold 04/30/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The asset involved in this transaction is a development site located at 110-18 Corona Avenue in the Corona market. The sale price for the site was $1,400,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,400,000
- Buyer: Aaron Kahen & Ariel Kahen - KP Developers
- Seller: Anthony Tuffaro
- Transaction Date: 4/30/2025
The buyers, Aaron Kahen and Ariel Kahen, are associated with KP Developers and are actively seeking additional residential and commercial development sites across the five boroughs of NYC. They are open to opportunities involving vacant buildings, free market buildings, retail, and office buildings, and encourage potential contacts via their investment email at [email protected].
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
Is there something missing? Send suggestions